Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Progressive’s Move Into Homeowners Paying Off; Q2 Profit Up 24%
Jul 17 2015 // Progressive Corp., the fourth-largest U.S. auto insurer, said second-quarter profit rose 24 percent after an acquisition that pushed the company into homeowners coverage. Net income climbed to $363.3 million, or 62 cents a...
AIG Launches Risk Management Service for Builders of Luxury Homes
Jul 16 2015 // AIG Private Client Group, a division of American International Group, Inc., has introduced a risk management and mitigation service for residential construction projects with budgets of $5 million or more. As part of its...
Home Insurance Rates in Massachusetts Rising After Harsh Winter
Jul 14 2015 // Some of the largest home insurers in Massachusetts are raising premiums by about 9 percent to recoup what they paid out in claims for damage caused by last winter’s record-setting snowfall. The Boston Globe reports...
California Fire That Threatened Homes is Fully Contained
Jul 6 2015 // A wildfire that might have been started by fireworks and burned more than 320 acres while threatening homes in the California city of Vacaville was 100 percent contained Sunday, officials said. The fire started Saturday...
Wildfire Report Shows 2 Million California Homes at Risk as Drought Continues
Jul 6 2015 // A report issued in June shows California has more than 2 million homes at “high” or “extreme” wildfire risk, as the multi-year drought continues to stoke fears among some experts of a potentially...
Louisiana Commissioner Requests Flood Claim Deadline Extension
Jul 6 2015 // The Federal Emergency Management Agency’s National Flood Insurance Program (NFIP) requires homeowners to file a Proof of Loss form to claim damages within 60 days of a flood. On June 17 in a letter to FEMA...
Report Says 6.6M-Plus Atlantic, Gulf Coast Homes at Risk of Storm Surge
Jul 6 2015 // More than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge with a total reconstruction cost value estimated to be nearly $1.5 trillion, according to a recently released report. The...
Florida’s Citizens Approves Rate Increases Along Coast
Jul 6 2015 // Citizens Property Insurance Corporation’s Board of Governors has approved a 2016 rate package that lowers rates for nearly half of Citizens’ personal lines policyholders while responding to increased water loss...
6.6M Atlantic, Gulf Coast Homes at Risk of Storm Surge
Jul 6 2015 // More than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge with a total reconstruction cost value estimated to be nearly $1.5 trillion, according to an annual report released by...
Lighthouse Enters Texas Homeowners Insurance Market
Jul 2 2015 // Lighthouse Property Insurance Corp. (Lighthouse), with headquarters in Florida, began offering homeowners insurance and flood insurance throughout Texas on July 1. Lighthouse also provides coverage to more than 36,000...
Citizens Approves Rate Changes for Florida Insureds
Jun 25 2015 // Citizens Property Insurance Corporation’s Board of Governors has approved a 2016 rate package that lowers rates for nearly half of Citizens’ personal lines policyholders while responding to increased water loss...
Severe Storms, Tornado Damage Homes, Injure 7 in Illinois
Jun 24 2015 // At least seven people were injured as severe thunderstorms that swept across northern Illinois spawned a tornado, damaged homes and uprooted trees. Particularly hard hit Monday night was Coal City, a community of...
Oregon Suit Seeks Homeowners Insurance for Disabled Owners of Pit Bulls
Jun 23 2015 // People with disabilities shouldn’t be turned down for homeowners insurance just because they have pit bulls for service dogs, a federal court lawsuit filed in Oregon says. Undercover testers who told an insurance...
Louisiana, Oklahoma Face Deadlines for Flood Insurance Claims
Jun 18 2015 // Insurance regulators in Louisiana and Oklahoma are are encouraging folks with flood insurance policies to file claims from recent flooding in those states as soon as possible. FEMA’s National Flood Insurance Program...
UPCIC Enters Penn. Homeowners Market
Jun 15 2015 // Universal Insurance Holdings Inc. in Florida announced on June 1 that the Pennsylvania Insurance Department has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property &...
Homes, Farmland Underwater in Louisiana as Red River Floods
Jun 12 2015 // Flooding from the swelling Red River put hundreds of homes and farmland underwater or in danger in rural northwest Louisiana, and state officials said that they would seek a federal disaster declaration to get help for...
Wildfire Report Shows 2 Million California Homes at Risk as Drought Continues
Jun 10 2015 // A report issued today shows California has more than 2 million homes at “high” or “extreme” wildfire risk, as the multi-year drought continues stoke fears among some experts of a potentially...
Report: 4.5 Million Homes in 13 States at Extreme Wildfire Risk
Jun 10 2015 // A report issued today shows 4.5 million U.S. homes at high or extreme risk of wildfire as the multi-year drought continues. The report’s author said the worsening drought means 2015 has the potential to be one of the...
Does This Sound Like YOUR Underwriter?
Jun 10 2015 // Two weeks ago we posted an article titled, “Are You One of THOSE Agents?” The article centered around some of the strange questions, comments or requests underwriters have received from their agents. Near the...
Nevada Tornado Damages Businesses and Homes
Jun 8 2015 // A tornado ripped through the Nevada town of Hawthorne on Friday afternoon, damaging homes and businesses, causing scattered power outages and temporarily shutting down a highway, authorities said. No injuries were...
